R2 Capital Technologies MX, S.A. de C.V.
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R2 Capital Technologies MX, S.A. de C.V. - overview
Established
2020
Location
Mexico City, -, Mexico
Primary Industry
Software
About
Founded in 2020 and based in Mexico City, Mexico, R2 Capital Technologies MX, S. A. de C. V.
operates as a software that uses machine learning to develop a lending infrastructure for small and medium businesses in Mexico, Colombia, Ecuador, and Chile. The company is backed up by General Catalyst Partners, 166 2nd Financial Services, Gradient Ventures, FEMSA Ventures, and PayU India, among others. In May 2023, R2 Capital raised USD 100 million in venture funding from new investor Community Investment Management. R2 Capital offers a lending infrastructure and capital to allow companies to offer financial services under their own brands.
Its clients include last-mile service Rappi in Ecuador and Mexico’s Clip. The company's platform can be seamlessly integrated via APIs, it also offers loans for merchants ranging from USD 500 to USD 50,000. The company will use the April 2023 funding to expand and boost its lending capabilities and collaborations.
Current Investors
Y Combinator Management, LLC, General Catalyst Partners, Soma Capital Management
Primary Industry
Software
Sub Industries
e-Financial, Accounting/Finance Software
Website
www.r2.co/
Verticals
Artificial Intelligence, Big Data, FinTech
Company Stage
Series A
Total Amount Raised
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R2 Capital Technologies MX, S.A. de C.V. - employee data
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